Business Loans Scotland

Empowering Scottish Business

IMPORTANT - Up-Front Payment and Advanced Fee Fraud

Up-Front Payment and Advanced Fee Fraud

Business Loans Scotland is aware of an Advanced Fee Fraud using our name or initials “BLS”. This Fraud induces individuals into believing they are applying for a fast loan but before an individual receives the loan they are told they must pay an upfront fee. Once the fee is paid, the victim does not hear from the company again and the loan is never received.
Business Loans Scotland does not ask a Borrower for any fees up-front and any promise of this type of loan requiring an up-front fee is a CON.
If a fraud has been committed, please report it immediately to the Police.

How to Apply

Before you start an enquiry, please ensure you have read about Our Loan to ensure you are eligible and ready to apply. More information can be found here.

Application Process:

  • Click on the Apply Now button below, register and complete a short enquiry. A Loan Fund Officer will contact you to discuss your application;
  • Once eligibility is confirmed you can apply using the Online Loan Application system (OLA). All of the information that we need including supporting documentation and financial information is uploaded into OLA;
  • Provide Personal Statements. These have to be completed by all key people in the business.
  • Once approved, the loan documentation will be issued. This sets out the terms of the Loan and any pre-conditions that have to be met before the loan can be made;
  • Fulfil the preconditions and accept the loan agreement.

*PLEASE NOTE - COVID-19* 

The loans provided through Business Loans Scotland are solely for business start-up or growth purposes and therefore, if your business is affected as a direct result of the Coronavirus we would urge you to visit the following sites to apply for funding:

British Business Bank - Coronavirus Business Interruption Loan Scheme (CBILS)

Scottish Government Business Support Fund 

 

Apply For A Loan

If you have already registered then login here to progress your application.

Login

Documentation Required

All of the documents that we need to consider your loan application are uploaded into our Online Loan Application System (OLA). Completing your application will be much quicker if you have the relevant documents from the list below in digital format on your PC/laptop before you start to complete your application. OLA will accept Word, Excel and pdf formats:

  • Business plan - download Business Plan Guide here for additional information and advice
  • Historical accounts - most recent sets
  • Management accounts - where Historical accounts are more than three months old
  • Financial projections
  • Organisation chart
  • Copy of an up to date business bank statement
  • Planning permission and/or building warrant where the business plan includes this type of expenditure
  • Personal Statement Form to be completed by all key people involved in the business

In addition to the above you can upload other documents that you consider relevant to your application such as market research, customer testimonials, copies of patent applications and such like.

Documentation